Exclusive: I have seen OpenAI's audited financials for 2024 and 2025.
In 2025, OpenAI had $13.07 billion in revenue and $34 billion in costs. $867 million of its revenue came from SoftBank, and $303 million came from Microsoft.
wheresyoured.at/exclusive-op…
Exclusive: I have seen OpenAI's audited financials for 2024 and 2025.
In 2025, OpenAI had $13.07 billion in revenue and $34 billion in costs. $867 million of its revenue came from SoftBank, and $303 million came from Microsoft.
wheresyoured.at/exclusive-op…
Free newsletter: AI's business model is inherently broken. Both OpenAI and Anthropic cannot grow their revenues without subsidizing their subscriptions or making "drastic" price cuts thanks to the questionable and difficult-to-prove ROI of AI.
wheresyoured.at/brokenomics/
Breaking: SpaceX said it would buy Cursor for $60 billion, striking a massive deal for an autonomous coding agent shortly after its blockbuster IPO on.wsj.com/4xDAULx
Exclusive: I have seen OpenAI's audited financials for 2024 and 2025.
In 2025, OpenAI had $13.07 billion in revenue and $34 billion in costs. $867 million of its revenue came from SoftBank, and $303 million came from Microsoft.
wheresyoured.at/exclusive-op…
I mean exactly what I said. $867 million of OpenAI’s revenue came from SoftBank paying it. I do not know what for specifically
x.com/1444_kris/status/20667…
Free newsletter: AI's business model is inherently broken. Both OpenAI and Anthropic cannot grow their revenues without subsidizing their subscriptions or making "drastic" price cuts thanks to the questionable and difficult-to-prove ROI of AI.
wheresyoured.at/brokenomics/
AI companies grew through fear-mongering, deception, and the grace of big tech, and their benefactors' reward will be the carnage of their eventual collapse.
The future will never be built in a Valley obsessed with Twitter clout and growth at all costs.
wheresyoured.at/brokenomics/
Friday’s piece will be the follow-up to the last premium, where I explored the bubbles within the greater AI bubble and AI industry.
To read it, sign up for a $7-a-month (or $70 annually) premium subscription.
wheresyoured.at/brokenomics/